Insurance

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Gamla Livförsäkringsaktiebolaget SEB Trygg Liv

Gamla Livförsäkringsaktiebolaget SEB Trygg Liv was established in 1997 as a non-consolidated division inside SEB Life and Pension Holding AB.

Gamla Livförsäkringsaktiebolaget SEB Trygg Liv logo

Gamla Livförsäkringsaktiebolaget SEB Trygg Liv

Gamla Livförsäkringsaktiebolaget SEB Trygg Liv was established in 1997 as a non-consolidated division inside SEB Life and Pension Holding AB. Its mandate centers on managing insurance and pension liabilities for Swedish policyholders. The portfolio mixes direct real estate ownership in Stockholm and Gothenburg offices, residential units, and hotels with allocations to private equity, hedge funds, and credit vehicles. Confirmed holdings include the Central Stockholm Office Portfolio valued at $2.65 billion, a $2.08 billion private equity book with 63 percent North American exposure, a $1.26 billion hedge fund sleeve, and a $1.6 billion credit allocation. Geographic reach centers on Sweden and the broader Nordics alongside global fund commitments. The firm lists 14 professionals in public records and maintains service relationships with SEB for investment management and administration. A 2024 speaker appearance at the Gothenburg University SIP event addressed finance's role in the green transition. Governance rests on Trygg-Stiftelsen's ownership of a golden share that appoints board members and protects policyholder influence, creating a structural separation from the SEB parent despite shared operational services.

General information

Firm type

Insurance

Year founded

1997

AUM

17B (Altss estimate)

Location

Region

Europe

Country

Sweden

City

Stockholm

Corporate office

Kungsträdgårdsgatan 8, Stockholm, Sweden

Principals

Erik Kleväng Callert

CEO

Sector focus

Real EstatePrivate EquityInfrastructure

Frequently asked questions

Who runs investment decisions at Gamla Livförsäkringsaktiebolaget SEB Trygg Liv?

Erik Kleväng Callert serves as CEO and managing director. Investment execution occurs through SEB as primary manager under board oversight that includes Trygg-Stiftelsen appointees.

How is Gamla Livförsäkringsaktiebolaget SEB Trygg Liv structured relative to SEB Group?

It operates as a non-consolidated division inside SEB Life and Pension Holding AB. Trygg-Stiftelsen holds a golden share granting policyholder board influence separate from the parent bank.

What asset classes receive allocations?

Direct real estate in Sweden, private equity funds, hedge funds, credit funds, and listed equities form the main exposures. A 13 percent private equity allocation and 7.8 percent hedge fund allocation appear in recent records.

Does the firm hold direct real estate?

Yes. Active holdings include the Central Stockholm Office Portfolio and Gothenburg Office Portfolio plus hotel properties in Stockholm, Gothenburg, and Malmö.

Where does the firm invest geographically?

Core activity remains in Sweden and the Nordics. Private equity exposure reaches North America at 63 percent and Europe at 24 percent of that sleeve.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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